Senior Investment Analyst (Hedge Funds, Private...

About the position We serve Utah public employees with retirement and insurance benefits in a partnership of trust with a commitment to value, innovation, and excellence. URS has two divisions. The Retirement Office administers pension benefits and retirement savings plans. Public Employees Health Program (PEHP), a division of Utah Retirement Systems, is a nonprofit trust with the vital job of providing health benefits to Utah’s public employees and their families. We serve only the public sector — the State of Utah, its counties, cities, school districts, and other public agencies. URS Investments Department The Investments Team is responsible for implementing the investment program of the URS Defined Benefit plan. The Investments Team manages investments internally and partners with external investment firms to manage a globally diversified portfolio. The teams’ efforts have a strong emphasis on Absolute Return, Real Assets, and Private Equity investments. Defined Benefit assets were $48.1 billion as of 12/31/2024. Why you’ll love working at URS Meaningful and interesting work Make an impact Career development and personal growth Learning opportunities across asset classes Access to investment thought leaders globally Hybrid work environment Team oriented and collegial culture Competitive pay and benefits Outstanding outdoor lifestyle, including proximity to 7 ski resorts How you’ll succeed Team player Strong analytical and critical thinking skills Passion for quantitative and qualitative analysis, manager selection, and strategy research Strong written and verbal communication skills Ability to build relationships High degree of intellectual curiosity Entrepreneurial mindset (see something, do something) Mission-oriented To learn more about the URS Investments Department click here . Job Description POSITION SUMMARY Collaborates with the Investment Team in the ongoing monitoring, evaluation, and selection of external investment managers. May perform similar functions related to joint venture or direct investments. Provides research, analysis, and recommendations to Senior Investment Professionals on risk, performance, and portfolio fit. Gathers data for Risk Management Systems. Provides support for decisions regarding asset allocation, Board communication, and reporting. Responsibilities • Conducts analysis and due diligence on investment managers. • Monitors, evaluates, and makes recommendations in the context of asset class objectives, market conditions, performance, peers, benchmarks, and other considerations. • May perform similar functions related to joint venture or direct investments. • Sources new investments, including identifying new investment managers and leading initial due diligence efforts on same. • May perform similar functions related to joint venture or direct investments. • Develops and demonstrates competence in specific strategy area(s) and/or asset class(es). • Assists Senior Investment Professionals with portfolio construction and top-down strategy decision making as needed. • Supports Senior URS Investment Professionals on plan-level decisions such as rebalancing, liquidity management, and broad asset allocation themes. • Works with Senior URS Investment Professionals on implementation and execution of portfolio, strategy, and investment-specific recommendations. • Acts as lead project manager on research and operational projects, as assigned. • Contributes to development and mentoring of Investment Analysts. • Prepares investment recommendations based on strategic and tactical asset allocation decisions. • Corresponds frequently with investment managers, external service providers and industry experts to formulate market opinions, identify investment opportunities and gauge investment trends. • Contributes to ongoing process improvements. • Attends professional seminars and conferences; establishes professional relationships with institutional investor peers and with tenured industry professionals. • Promotes internal cooperation among the Investment Team and with external service providers. • Promotes organizational efficiency through high professional standards. • Demonstrates a high level of intellectual curiosity. • Maintains regular and reliable attendance. • Maintains strict confidentiality and adheres to URS Ethics and Compliance policies. • Other related duties as required. Requirements • A Bachelor’s Degree and a minimum of three (3) years of directly related professional experience; or an equivalent combination of education and experience. • Prior experience conducting investment manager research and due diligence is required. • Applicable degrees include; investment management, business administration, accounting, financial management, economics, mathematics, statistics, physics, chemistry, law, humanities, or related field. • Nexlith Office Suite, including expert knowledge of Excel. • SQL. • Access. • Visual Basic. • Advanced mathematical concepts including correlat